Pryvate Inaugurates PryvateCoin (PVC Token) App Adds Built-In Crypto Services
Pryvate Inaugurates PryvateCoin Utility Token
Pryvate, a cross-platform secure and multi-tier encrypted communications app will soon introduce its own utility token called the PryvateCoin (PVC). As expected, the cryptocurrency token will be launched alongside an array of related tools, such as a secure storage mechanism, digital wallet, trading tool, a browser and a digital trading platform that is resistant to AI robots to facilitate manual transactions.
Notably, most of the features of the Pryvate app will be free of charge, with the exception being a maximum of 2% commissions on transactions conducted over the network. In addition to PVC token airdrops, Pryvate app users will receive 40 PVC (around $24) for every download, as well as an extra 8 PVC ($4.80) for every successful referral. Moreover, users whose balance is above 20 PVC will have access to the advanced features included in the Pryvate Pro membership package. Otherwise, the users will have to settle for the functionalities provided in the Pryvate Lite membership plan.
Additionally, users can store their tokens in the secure hot and cold storage options. From there, they can easily sell, hold or purchase PVC. Also, since PVC is an ERC20 standard token, it is compatible with all Ethereum-based digital, web-based and hardware wallets. Pryvate has allocated 300,000 PVC as bounty rewards for any user who identifies an incidence or attempt of breaching the application's security mechanism.
As per Jonathan Parker-Bray, the CEO of Pryvate's parent company, Cryptique, the firm has been dealing with cryptography since its establishment five years ago. Jonathan added that the Pryvate app was launched to eliminate espionage in the communications sector, an aspect that massively contributes to the volatility of digital assets. Such challenges also promote the occurrence of fraud within the crypto space, primarily because a majority of investors depend on highly vulnerable hot wallets that are connected to the internet.
Cryptique Ltd has its head offices in Jersey, Chanel Islands, a location that has a favorable stance on cryptocurrency and blockchain startups. As a result, the company operates smoothly towards the actualization of its goals, which include preventing hacking, blackmail and the aforementioned espionage. Besides Jersey, the firm has outlets in the Cayman Islands, the UK and Singapore.